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Tag : Intu

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  • barton square courtyard view

    Coronavirus: Retailers playing 'dangerous game' withholding rents Subscription

    News27 March 2020

    Retailers are only “deferring a problem” by withholding rent payments at this week’s March quarter deadlines, property experts have told Drapers. 

  • intu lakeside

    Coronavirus: Intu warns of covenants breach as rents collapse Subscription

    News26 March 2020

    Shopping centre owner Intu has warned of a breach of its upcoming debt covenants after it received less than one-third of UK quarterly rent payments that were due yesterday. 

  • Intu lakeside leisure extension 5 rt

    Coronavirus: Intu to slash service chargesSubscription

    News25 March 2020

    Shopping centre owner Intu is set to slash service charges for tenants in the second half of 2020, to help ease the burden on retailers during the coronavirus pandemic. 

  • intu lakeside

    Intu in peril after £2bn lossSubscription

    News12 March 2020

    Shopping centre owner Intu Properties has warned it is at risk of going under after reporting a £2bn loss for the year to 31 December 2019. 

  • intu potteries

    Intu’s future 'hangs in the balance'Subscription

    News5 March 2020

    Intu needs to “move quickly” to dispose assets after a failed attempt to raise equity has left the shopping centre owner in a “precarious situation”, experts have told Drapers.

  • 3085904 intu potteries

    Intu secures credit extensionSubscription

    News27 February 2020

    Struggling shopping centre owner Intu has secured an extension to its credit facility with its lenders, on the condition that it can raise £1.3bn of equity. 

  • Arf 5912

    Intu offloads Spanish shopping centreSubscription

    News28 January 2020

    Ailing shopping centre owner Intu has sold Spain’s Intu Asturias for €290m (£245.15m), as the business continues efforts to turn around its fortunes.

  • Jigsaw westfield

    Retailers take action on propertySubscription

    News15 January 2020

    Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.

  • intu puerto venecia

    Intu sells Spanish shopping centre Subscription

    News23 December 2019

    Shopping centre owner Intu has offloaded the largest shopping centre in Spain to Spanish investment group Generali Shopping Centre Fund for €475.3m (£405m). 

  • Crompton place bolton ap

    The great council retail property takeoverSubscription

    News4 December 2019

    Retail property companies are dumping assets as they seek to reduce their exposure to the sector, and councils are stepping in to buy them and taking on the risk and cost of developing them.

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